Definition:
An award of financial assistance in the form of money, or property in lieu of money, by a funding agency. The grant is usually advertised through an RFA.
The grantee is required to account for spending the money in the manner specified by the grantor.
Related Terms:
RFA (Request for Application
Contract
Loan
Related Information:
Grants
Financing a Small Business
Government Contracts
Related Books:
2003 Guide to Federal Grants and Government Assistance to Small Business
Grant Writing: Strategies for Developing Winning Proposals
More Books about Grants
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